0:10 Hey, thanks for watching your about, watch a conversation between myself and Anu Meena.
0:16 Mayur: This is the first of many conversations I hope to have with Web 3. 0 founders and builders. I’ve had many conversations like this over the past couple of years, but I’m hoping to do many more of these which you would be able to find at schoolofwagmi. com. Anu is an Entrepreneur based out of France, and he’s in the crypto space and has got some really interesting insights to share, so I hope you will enjoy the conversation. Please make sure you leave a comment and let us know what else you’d like us to talk about, or if there is something interesting you would like me to take a deeper dive with Anu, I would really appreciate it and don’t forget to visit schoolofwagmi. com. Enjoy the conversation!
1:08 Mayur: Hi Anu, how are you?
1:10 Anu: I’m very good thanks!
1:11 Mayur: Nice to meet you!
1:12 Anu: Great to meet you as well
1:37 Anu: Fair enough. Do you record all the meetings you have?
1:42 Mayur: Not normally, but I thought you know, we’ve talked a lot on Whatsapp about recording and maybe getting onto a podcast of some kind so I figured, what the hell. Let’s just get on here. It’s recording now so might be might turn out to be a good conversation. I think like when I first meet people in the crypto space is lotta stuff going on and there are always some great snippets that we could share with the world.
2:08 Absolutely, Yes
2:09 Mayur: Yeah, so I thought we’d do like I didn’t really have a set layout for what I thought we do with this recording. I’ve been dealing with some family stuff over the past month or so, so I’ve been kind of stepping away from the industry for a while, and dealing with some personal matters.
2:25 Normally would I want to do is actually get like a go through a bunch of questions with you. Talk to you about what you’re working on. Maybe share what I’m doing and doing something more formal, but. so how much time do you have for this call? What is your time like?
2:40 Anu: You plan 45 minutes. 45 minutes is perfect. Whether it is shorter or longer. Tha’ts alright.
2:48 Mayur: Well, it’s the first time we’re talking with each other. We kind of know a little bit about what’s going on if you’ve seen my Linkedin profile and I’ve seen yours, but maybe you could just kind of share from the top, you know what your background is what you have been working on
3:05 Anu: Sure, sure. As you may notice. I’m pretty young. I’m already only twenty-two right now, so I’ve been working as an Entrepreneur. Most of my days. I think also put out a really long time. I do a lot of things and it’s mostly about feeling the project sensing the project, sensing an opportunity and then jumping on it.
3:25 Recently I was working for Oxy Origin and decided to quit Oxy Origin to build my own startup. And this is something really important in the way I see things I need to have control over what I’m doing and doing something is mostly for. I want the value I add to my work to be mostly directed towards benefits.
3:48 Mayur: Yeah, that’s a common trait with entrepreneurs. They like to have high agency over their life.
3:55 Anu: Yeah, that’s something really important. Yeah, so obviously it was really nice cause they were really organized, and this is a real startup scaling up, so you can see all the movement in the organization, and this is like the structuring part was something missing in my experience, so I’m so happy to have been through this. Now whatever happens with my startup called Old Ski. I know how to handle the process of having a team getting bigger and bigger Because structure is so important communication process so important it is, yeah. So like going from a team of five to seven people, and then having like thirty or forty people are coming in three four months. Wow, This is a big change.
4:37 Mayur: Yeah, I think that most like software is actually really easy. Software is not complicated to build. Generally speaking, I mean, if you talked to engineers software is difficult, but actually the hard part is coordination between humans.
4:54 That’s actually the most difficult part of any startup.
4:57 of any business really is coordination.
5:01 Anu: Absolutely I have underestimated this parameter so much before getting this real stuff. I thought like it. It’s it’s a bit Yeah, it’s a bit dumb, but I thought information I have is naturally possessed by everyone in the team with no communication is so important.
5:17 Mayur: Yeah, everybody’s got different areas of skill and interest in
5:23 that like it’s it’s funny that. And we talk about this in the in Web 3. 0. It’s called Moloch. M, O L. O. C H.
5:33 Know, it’s it’s basically. It’s called Slaying Moloch. If you Google Slaying Moloch, you will see lots of articles about how Crypto and the blockchain are basically there to slay moloch, and Moloch is the coordination monster,
5:52 You can already see this in blockchain. In the crypto world, we’re trying to remove middlemen right, and so we’re trying to improve coordination between humans and allow people to have ownership and use smart contracts to execute an ad and take action on things.
6:16 At a very high level, that’s kind of what it is,
6:19 But basically like the underlying root of why it works is because everybody’s always trying to slay moloch like.
6:26 If you look at any industry like banking or transport. If you take a long view view of it.
6:38 We are always trying to reduce friction and remove middlemen.
6:43 Like technology in the banking industry. Like in the old days, you think about how did we we do banking.
6:48 You go to a bank. You would talk to a teller. You wait in line and show your ID and you would get cash, this was before debit cards, Visa cards, and all this other stuff like that’s how banking was done
6:59 And then someone said well. This is a waste. This is too high friction. So let’s use technology, and then technology came in and and reduced reduce friction.
7:10 But then the crypto came around and said Wait a minute we don’t even need banks. At all. Everybody can be their own bank. Like screw the banks. We don’t need them at all. We don’t. We’ll just create our own interest accounts and we’ll create our own currencies like. Well, we do that, so Moloch is like the thing that we’ve been trying to slay as a as a civilization.
7:29 Really, It’s very. It’s a very interesting. Like this is one of the things that I kind of go. I kind of go with deep into the philosophy of Crypto. In the end. What it’s doing to people and society so this one of the things that kind of pay attention to Sorry I went on a rant there.
7:45 Anu: Another thing like what you said just made me think another thing something really important than crypto of is governance, So this shared power that offers blockchain is so impressive and I was recently. I was recently a advising some ideas for a French insurance company in a in a class. I’m following right now and they’re so not aware of the possibilities of blockchain.
8:08 The idea I proposed ’em was creating DAO
8:11 for their company, and there were seduced with the idea because this goes back in the root of of insurance companies in France are organizing in a cooperative manner
8:21 and just. Technology like slaying lang. This is a slaying moloch. This is what what I bought them
8:27 It relates to something that people are actually not enough aware of crypto. And this is why we’re building HFSP. So, and specifically on these people that could have power to change the world. These high high decision power executive, and bringing them the information about crypto
8:47 This is what we started building with HSFP. So this newsletter we actually have HSFP.
8:55 So this is this is a slang word used in crypto and it means have fun staying poor.
9:03 Mayur: Have fun saying poor, okay. I’ve never heard that before,
9:12 So this this was all that. Yeah, this is. This is the name of this is the name of this written newsletters left briefing, and we’re trying to build a community around this. On this information source, because two things communities power, but information is power. When you look in France. What’s happening with medias all controlled by a by a tiny handful of power. People power really powerful people
9:34 you understand controlling information is is key in this in this well that we have so a really honest and also accurate accuracy, so important information, and this is what we’re searching for belt accurate.
9:46 Mayur: I think it’s interesting like if you look at the like. The world is highly influenced by American politics, and when we start looking at American politics, one of the things that really stands out over the last ten years is Trump, and and this thing about him calling the news, fake fake news, and like we never really were kind of nowhere, Nobody really paid attention to this, and then people started looking into and realizing. Wait a minute. There’s there’s a left wing and right wing news organizations. At the news organizations are actually controlled by very powerful people like it’s controlled Murdoch. Right move. You know who Murdoch is. He’s like the one of the wealthy billionaires that own these these organizations, and it’s like only a handful of people own one the news media, the mainstream media, which is ridiculous, and and and even like the social social platforms, like, Look at what Elon Musk is doing
10:41 I was trying to. He’s trying to bring Twitter more into the center. It’s very. It’s very left wing
10:52 Nobody paid attention to the stuff. I dunno. If you ever like, I never thought about it.
10:56 Anu: I mean France. Everybody’s really policitized. and at the beginning we say this journal is pretty right – wing or this journal, pretty leftwing, and from this we analyzed most of our information, for example if somebody’s reading journal paper called the
11:16 Yahoo. We know that his kinda more going to their rights that I accept that was it Le Figaro. Is our one of our is a really important newspaper news source in France. It is the name of the German, so you know know pretty quickly. What’s what’s the person’s opinion.
11:35 If if you know what he’s reading
11:37 Mayur: interesting, you know I just discovered something that I think you’ll really enjoy. I’m I’m using this new app called Ground. News. It aggregates news, and it tells you if the article is left wing or right
11:49 It actually indicates to you. You should have a look at that Ground. News.
11:53 It’s a fascinating thing and it’s sort of like an alternative to mainstream media ground. news.
12:02 Anu: We don’t know who’s behind. For example, behind ground the news,
12:06 and even the analysis its provided could be biased.
12:10 The thing is the thing is the difference between a left wing or right wing article. Is really subtle
12:16 I mean it’s in the wording you like, for example, just like when you were just when Russia is talking about special operation happening in Ukraine, and we’re talking about war, but the same thing is happening in China
12:26 with the wiegers, or in every conflict,
12:32 whether it was in Palestine or palace or Nora, anywhere in the world. It’s always in the wording, and I think it’s really hard to analyze the wording, so I think it’s a. I think it’s I’m not sure what who does the curation, but I think the curation is done by software. I believe, but but then again who’s programming the software.
12:49 The software biases are also because software is fed with data, and it’s all about what the data eats, so you don’t even know what’s happening in the black of a of
13:02 like When you read news. Now Everytime I read a news article and I read a lot of news. I’m on. I’m on Google News Every day. Every morning. I look at it. I don’t know if I. It’s real news or fake news like I’m not so sure anymore. And but how do you? How would you find the truth? That’s that way? I don’t even know how how would I find out if it’s true or not,
13:22 Anu: Yeah, And if you go deeper, you don’t even know if like academic articles are funded by an organization, and wherein if they’re bringing in truth like it’s it’s the realities of construction, and you have to find your own way. In what this is what defines us all. I think the reality is a construction. Yeah, Yeah, that’s very true.
13:44 So so this is this’ll be fun fun thing. We’re talking about news. I’m on it. I wanna ask you about the money. Wealth and finance. Cause this is like a big thing for your age group. It’s a big thing for my age group. You’re in crypto. You’re you’re talking about money, for sure, at some point in your in your journey, and in the crypto world of I follow guys like Michael Saylor, Raoul, Paul, Invest, answers, James. He does like a Youtube. Saying, oh, there’s another one said Saifedeean Ammous he is really cool.
14:19 I dunno, If you’ve heard of any of these names, and what what what your journey has been
14:23 Anu: I have heard their names and I have a lot of friends who are into finance. I like studying like studying a masters in finance and everything, and they found a very closely. All these are all these information source at the angles.
14:34 But personally I have more maybe sceptic approach to this. I know some industry will perform whatever happens, for example. Energetic transition, and this is where invest my wealth. I never play against the markets.
14:48 I don’t tried to make small moves. Are I’m just a and and regarding to job. I know. Whatever happens, I’m going to find a job and I’m going to have money. I have a grant that I have to repay like student loan. Not a grant sorry a student loan to have to repay, but I’m I’m confident in the future and I know, so I don’t need a lot to live. A family family is what’s the most important and I have my family this again.
15:13 Mayur: So where did you? Where did you graduate from what you got for university?
15:18 Anu: Yeah, Yeah, like in France. We call that like it’s a private school. It’s school. It’s a business school. It’s it’s the second in France, just after Hsc Paris, and like the the Master in Management program is really well ranked in the world. I think it’s the sixth. I’ve I’ve right now you
15:36 know the bachelor Front. For now I choose to be professional The school, so I can have a really nice master. Example in the U S, or in Uk, when I have more confidence in the in the in the studies cause right now it feels like all the opportunities are here and I need to grab them
15:52 I need to build something and I have to have a long lasting impact and the fastest way to do this is by building companies and this is what I like doing. Actually,
16:01 Mayur: Yeah, I think of people that are listening or who might be listening to this video.
16:08 You know there’s three ways to get wealthy in crypto. One is to be an investor and spend all your time on charts, but then you don’t you don’t have control over what you’re investigating. You just can be an observer and a passive investor while, and I wouldn’t say passive, but you. Basically. You don’t have any control.
16:25 Then the second is to actually create your own crypto currencies which we have seen a lot of right. Everybody If you’re in crypto, you’ve seen this like to so many thousands and thousands of coins being created every day, unless the other way to do it, but then the most the best. The best way to do it if you really want whilst prayer of blockchain, but less much more difficult, so I don’t know if you’ve ever thought about doing that.
16:49 Anu: I think building a new blockchain is.
16:53 I think I personally think it is bullshit. I I know I know the world we’re gonna live in will be multi chain and some blockchains are already present, and are specializing in very specific fields and the really performant on this
17:08 Hm, but the thing is. blockchain without money is nothing. I mean it was a. It’s called a distributed ledger. This is something that was created in the eighties, and when you talk, when you think about blockchain, For example, for logistic, This is something that was already present, and that is actually absolutely not performant so blockchain without crypto. Is nothing and honestly, apart from bitcoin. I think most of the altcoins are ah, shit coins.
17:35 It’s yeah, I know. I’m not a bitcoin maxi, but I think the only real store of value in crypto currency system is bitcoin, or some other coins will be used, but if you want to keep your value, you have to invest everything in bitcoin, and yet
17:51 you know it’s interesting, I for the longest time, so I crept on twenty fifteen, just really as an investor, but I was also thinking about building some startups and crept up back in that time, the back in those days, but recently well for the longest time. The narrative that I had in my head was that
18:11 bitcoin as a store of value. Maybe Syria. All the other ones are just really tried to compete for market share and I mostly. I’m like I’m ninety percent of my personal savings in Crypto, and of that ninety percent is in bitcoin. So I don’t I don’t have my millions of dollars running, but I got a little bit encrypted. I’ve got a little bit bitcoin, and pretty much I just really pass. Playing around with the other Altcoins and I thought I thought that bitcoin was the store value, and and if you got in early enough, it was a wealth creation mechanism, but recently we’re starting to see bitcoin price fluctuations mirror the stock market. So right now the stock markets are down. Cryptos. Doubt what what are your? What’s your opinion on this? Why is it happening? This is not that the narrative we were told was. When the stock market goes down by by bitcoin, but that’s not true anymore. I think right now the market is mostly driven by institutional investor, and this is where we see that bitcoin have made a step into democratization. So this is this is actually great that bitcoin is following market and Nasdaq, and know everything is it, though it is because it’s only a face. The more like my personal opinion is the more government will fails to more bitcoin, will actually. A democratized the more government will fade, the more people do tend to crypto. And the only thing that can help now. Kentucky democratization is a crisis. Major crisis,
19:47 or just A. Yeah, I mean this is the narrative that everybody kind of in the crypto is your shares, and then yesterday, but all funny enough, I heard a guy called E B Tucker. Have you heard of E B Tucker Know where is this? I just discovered him yesterday. I’m starting to do some deep diving into. Wanted he said something very interesting, It’s something I’ve never heard and he’s a. He’s a gold bug is a gold maxi. But basically what he said was that
20:18 the U S Government’s main job is to keep the To is to make sure that the dollar is the number one currency of the world and they do that by defending it with military with with offensive and defensive activities, I mean U as basic. It’s a military state, right and and you know they’re the ones that have like they have, like. If you actually do the research, they’ve got like seven hundred and
20:46 military bases around the world. Like everything from like small offices to
20:52 you know, full on military bases. They’re They’re like they’ve got more than any other country. Like by far are you here like China, having a military base in Canada, Right for example you that you’ve never heard of her. Tell us is the only one until the job is to get the dollar to maximize the strength of the dollar, and what he said was what be Tucker said was that the citizens. The government actually doesn’t care about the citizens. Citizens use the dollar. They transact with it, just like you transact with the cryptocurrency with bitcoin, or with an alkaline above the government, as as she doesn’t care about you, and will they use input? What the government allows the citizens to do is that the government allow a government uses inflation to inflate the currency. They’re doing it on purpose. They’re they’re printing money and they’re going to continue printing money And what they hope you do as a citizen is that you buy assets preferably real estate until you buy this house. Let’s say you bought a house ten years ago for three hundred thousand. It’s worth nine hundred thousand now. It’s not actually gone up by six hundred thousand in actual value. It’s just that the currency has changed, and so what the government wants he actually to do is you when they want you to buy real estate, and then loan against it, Get that in the future and so that your payments go down, so that the inflation of the currency inflating is actually a positive thing if you’re a realist, If you’re if you buy a hot, If you’re a house owner, a homeowner or a real estate owner, If you’ll real estate, currency inflation is good for you. And another that excellent. That’s actually true, and not only if to a house owner, but also sure the government. Because most of the bones you’re issuing, I actually had the payments are actually decreasing with inflation, and the and this is, and this is why for example in Europe, the Ec me once and once the inflation to stay low because Scb is made, it is issuing bonds and. To me, the power is mostly in the hands of finances and finances Don’t want the inflation to go up. Because it reduced to the wealth. Now now know you. You were talking about a lot of things, animals or something related to how how dollar needs to stay the first currency in the world. That’s that’s actually what’s the U S is defending. But right now use powers, weakening. For example, I some years ago, I think Iran started to accept to sell it, sir. Petrol in dollar in a in yuan, and and at in other countries are starting to accept Uns for international exchange, and this is where you see the U. S is losing power, and this is why the world is really on the on the verge of something big happening Because you don’t know how this war is going to turn in some years in the in Ukraine, and and how the situation will be especially looking at the South China Sea was happening,
23:47 did you, I, I think I think that the well the well now, the the well now has become. Multipolar and the power of the state has weakened. If if the state doesn’t grow, people get mad, and the government is destabilized
24:02 yet more crisis, More government failure. I don’t think any developed country can have a go a failure, but smaller, Ken, or something else you were saying, is that the government once once did the power of the people to decrease. I. For me, on my, on my European European point of view, I really believe the government is his good for the population, and that, and that most of the civil servants are actually leads by this will have doing public goods. I have friends who are who are studying to be cooked, be be people in the administration and there, and and notion of public goods is what leads them what thrives them. What makes them want to be serving in the States, Ah, and I’m sure, I mean. People in the governments of people just like us and I’m sure. At the end they. They’re thinking about the bigger picture and the greater good the room Interesting. Yeah, It’s it’s a funny time. You know where
25:02 like there was a I dunno. If he ever saw this podcast, Raoul, Paul, Ron, Paul is not from February. He. He created a really good Youtube video called The. The. It’s a mackerel. It basically described the history over the last two hundred years and why we got into bitcoin and why bitcoin became a thing. He didn’t talk specifically about Satoshi, but he talked about the evolution of world geopolitics, and he’s a macro. Economists are going to send you a link to that. I think is probably one of the best. When whenever I get the, someone asked me how to get into crypto. What to buy. This is the very first video I send them. It’s probably the best video watch last year of his past four months. And it really talks about like the history of the World World War One, World War Two, and that like how, after World War Two, and you know, nobody was making babies during World War Two, but after World War Two ended and there was this great piece in the world the baby boomers created. Like all these babies. They you know they had well, They have the freedom to to to grow families, and that’s that cause this and downstream effect that received today. And so he explained him just in an incredible way. I’ll send me the link to it groups hilarious. I often search videos to show my friends who are still crypts. Septic. I’ll share them this with pleasure. I haven’t found anything yet that. That explains well how how bitcoin the theory. Yes, But why do people want to get bitcoin? And everytime I explained that technology something really important is vulgarization. People actually don’t care about how the blockchain work, and how like all the all the blocks are linked between them, They want to understand what it brings to them and what value they can have out of bitcoin, And yeah, I think right now in your canals have the power to to make this thing understood by the population entrepreneurs, in the same that they will invent the things that will be used with crypto. Tomorrow, not only blushing, but the law. Businesslike common, business, for example, where I’m building, I’m building a a ski related startup and it uses web. Three leverage. I. I offer a crypto payments, and this is a tiny step, but it’ll let people showed that you can actually do things with crypto and especially real service. Because this is. I think something that lacks right now The crypto. The crypto world is mostly driven around defy and defy As good. It’s giving back the power of the banks. We the people, but, but now we have to ski more retail retail functions rather than just wings. Yeah, I think there’s a lot of skepticism. Especially when people look at the economy. They see the prices are going down and they start to wonder all I want to get what a waste My time getting into it by the way you think you have telegram or discord running in the background. I hear the notifications. Quite. Oh, sorry, yes, and no worries. No worries, happy period. I keep hearing, and I’m checking my computer and see if I have discord running or not. If you have neglected to disclose all the time, I think it’s full accounting of communication on this face and reaction is really important. Yep. I say, Elect to that macaroni on On Whatsapp By the way, so
28:22 Yeah, so tell me about what specifically you’re working. I get me some more detail. I’d love to hear more about what you’re what you’re working on right now.
28:31 I mostly two things. One is immediate information that news briefing I was talking about and this is like some passion work on the other side. I’m building some sustainable business around Sky. Said this is called old and wedding all -sky Like. Oh, No, going to the sky. Okay, Okay, and were easing this kid’s life by by by making it by making it easy for him to go to holidays in the ski resort. Basically the first problem we’re tackling is when the sky is books, So today he has to go through several services, like for example our booking a hotel booking skis, booking pass, picking up groceries lessons everything on different websites, especially in France. This this happens. Every so what we do is something really simple. We take everything, and we put them on one website, one one app, and his aims to be the all -in -one service for ski holidays
29:29 in the future we’d like to have. It’s sort of metaverse implication because we have sudden relict crypto related features. When I say Metaverse. This. This is a big concept and people right now are crazy about myth of us. We, When when the when people say myth of other thinking about having headsets and being on a different different world for me, Metaverse is so different, I think we’re already in the myth of us when I spent when I spend most of my day on this call, Twitter and all the social networks when I meet people on. On Vizio calls and and I have. I have worked with people only over Google meat and networks. This isn’t it have asked? This Is? We’re already in the digital learning. Yeah, This is so so when I say myth of as features on the on the app, I’m imagining a sky map on which you can find your friends, but also all the services, and also access some digital spaces,
30:23 simple or two. I mean basically I the way I see a better versus like for for industries like. Let’s say a metaverse for cooking or a metaverse for skiing Skiing is basically the way I see it. It’s it’s like Google Maps, but only for sky. That’s the way I see it. Yeah, It’s it’s a social place you have to meet people. You have to be able to make new encounters. Have new links and just creates Yeah, new relations. Yeah, and I think like Meta Vs are going to be focused on specific niche. Industries and groups of people like he may be fear. If you’re into like I’m I’m into snooker. I don’t know about if you’ve ever played snooker before the Billiard sport, but I’m really. Is. I’m like unstuck hundred. I’ve got like my own stalker blog, and I’ve got a bunch of snooker domain names and I’m actually. I’ve actually got snooker bed overstock. Com. I asked the one that a registered that recently, so long if you’re into snooker, you’d golden snooker metaverse and you’d see brands and you’d see. Livestreaming and you’d see a currency got multiple currencies may be, and you’d see and click all the snooker locations around the world. Right. That’s that’s what I think a metaverse as a matter versus like a. It’s a. It’s a. It’s like a community. Right, It’s a digital community. That’s basically what it is one hundred per one hundred percent. It is. Yeah,
31:46 This is already allowed by this quote. I mean the communities that are flowering on this good. Whoa, so some are so bright. Yeah, Yeah, pretty amazing.
31:55 Yup, so, what what’s your take on? Nf? S this This thing is? I didn’t. I didn’t catch the wave like a lot of other people then, but curious what your thoughts are?
32:07 I mean, it’s a revolution in the sense that this is a technological advance that will that that have already changed people’s life. Now the applications are still to be found in this in a certain sense. Right now we’re using it for arts. Right now, we’re using it for presenting digital shows of Of of. Projects, this is how I see, mostly, but and a lot of thought entrepreneurs are trying to build new functions. Ticketing and events or favorite is Earth is getting project. The skiing.
32:41 I am, actually, Yeah, I am. I think I think, actually, Bam,
32:46 I think actually this is, and if these are used to build a community, so when when you uno? And Nfc, you’re a member of something you are. You have ownership over this project And what’s really important again? It’s governance. So what I’m putting an old sky is simply this Nf you are presenting a a share of participation of the company, and this allows people to have tragic decisions over the company, but also benefits from from the sale generated by the company have reduction. I, I try to use the best out of, and if these right now, and having it as a as a real share of a company. Not legally, though it’s not, It’s not easy. It’s not easy actually drive, and if teasers share of a company, I have consulted some like I’ve consulted the legal. Have asked for legal advice, and it’s so Hans. Now The legal environment is. We’re not ready for blockchain. Right now. I think I think governments they want they want you to have two Kyi see like you can’t just like anybody all own shares, and it actually makes sense because you sorta like it. If there was no Kyi see at all, then some rogue state could own portions of some company, so it actually kind of make sense, and I understand why the government’s very very concerned about it, But mean nobody. Nobody’s figured it out Rogue that when you see when you see that the ruin and a hug was actually backed by North Korea. You know that rooks that I have already a lot of efforts into crypto. You know.
34:15 No, again, I don’t think it’s only about the fact that Yeah, I think governments. I don’t know how to handle this. A recent Uk quotes just to just declared, and if these are the digital property website with some rights attached to it, I have I have some friends working in the. Studying his lawyer. Actually, I’m I’m studying to be. Also. I’m studying, Also laugh and ultrafine. Yeah and second diploma in the same time and the thing is, It’s It’s so hard to categorize, And if Ts and digital property, I mean, how’d you? How’d you? What’s this that the government is not face to understand what this technology? I mean people from at my age for technology like the Internet night natives don’t understand what are blockchain about what is what is blockchain about what Nfc is about? So how can regulators do?
35:05 I know? I know it’s their responsibility to have this view on things, but generally the legal environment is so slow they take years to implement innovation Is this is because their their constitutionally binded to the right. Things and the right thing appears differently and appears over time and right now the technology is too young to have anything around it, but we’ll talk was. I think one of the things that I I’ve observed about Nf T so far is that
35:36 like before and F T cars, and An He is actually just a contract. It says it’s just a smart contract, and it’s this. It’s it’s basically identical to an icy. Oh, it’s of like Have you invested in an unsafe? And he bought a thousand safe, won’t tokens, and you’re basically buying fungible tokens. The only difference between Nf tees in there and and ice Yours is that somehow somebody got smart and realized that. If they make every token unique way away and make it non fungible. Then do that, then they can describe it as art, and so it’s already like I. I really think that’s whoever invented Nf. T’s wherever. Where did the idea probably had it in their head that they were trying to sell an icy? Oh, but the government was so against it that they found a way to hack. They’ve been. The basically found a way to hack. Hack a loophole. They turned and icy Yo into an engine Nf T. And realized that they could sell it as art. I actually think that. If we, if we ever found the origin story, I think that that would be it
36:42 is up, I absolutely, and and also I think the guy may be maybe told him so. It’s a scarcity was here and and things were getting rarer an internet. But you had you had currency. You had things fungible. But with nothing was actually unique and unique, University of something creates Yak creates anything possible on the metaverse. Because now you have the Yeah. That’s that’s like a digital objects that that as a digital objects and
37:12 can do all they want, but they, they cannot argue against it like an Nfl. He is actually are. It really is, and it. It’s hard to. It’s hard to fight against that.
37:23 Ooh. Yeah arts is art is whatever you define as arts and anything can be viewed as art, but some some Nf like I think. What’s the difference between an artistic and F T and a non autistic and F T is the intent with which was created because a lot of them are actually created with the intent of being art. You see you see artists getting paid thanks to this. Before they didn’t had any visibility, but you also see people with a completely different intent, Whether it is a rock pools, But again this this is a grazer zone, but but for example, let’s talk about proof of collective. Are they are they building arts.
38:00 I think I think it. It’s yeah, that the token is unique, but it’s not art. At the end is a membership at something unique, a digital object that you can have an internet. Yeah,
38:10 Yeah, interesting, so. What is this all you said? All sky? Right. What’s the domain name that people can go to to check it out. Key That effect. It’s it’s over. Right now. We’re targeting the French markets and
38:26 F that France that F. Air. Okay writing writing is centered on the French markets. Yes, cook cookies, French Ascii. Is you know old? The best results are in France, A L L Xk I got Ff. So so right now the website is not one line. For two reasons, one we have. We have a very specific shadow for The for the Nfc collection release, and this is part of it because we’re proposing a service or a maid service. When we start promoting the collection. The main goal is to build the the community and second that the funding and second, the funding of The Of the Nea Foundation only came three weeks ago, so we just we just recruited awesome artists to. Cystic talents and yeah, cant cant wait to see like we’ve we’ve put a lot of creativity and another like smart and young brain in the same room and we just sold them. You make the best out of your arse, and and you were the masters of what you can. You’re the master of what you’re building. At the end cause cause this is your creation. I think freedom is really important. Especially in creativity. So what what is the process that you are following? What what’s the? What is the game plan to eat Like the end -goal is that you want to create. At an all inclusive application for people to book ski events and activities, right, That’s the end goal Muslim. They are most leaps, are mostly mostly ski trips, so everything that is around ski trips, whether it is activities events, and also a housing pos material. Everything yeah, but the end goal is actually to be the only one service for ski resort and mountain holidays, so right?
40:11 I just read and not not just friends and not just fronts it, and so do you do you have the Dot is volatile, B. B. Richardson, Dot Com,
40:21 Sadly nuts. It’s actually owned by somebody that we don’t know,
40:27 so you’re still step one of trying to build rich this product. Because it like A is the the application that you’re building. I guess it’s a mobile app, as well like it’s going to be a web app and a mobile app. That’s the angle. Yeah, that’s the angle absolute. Okay, and then so are you
40:47 your? Your your thought processes that you’re going to build a community first through through an Nfp release That that’s what you’re planning on doing, And Yeah, the Nfc release is actually coming in the same time as the product. So the, The marketing is really important because people who go to ski. I, not people who buy, and if these so we have this particular structure were actually, the Nfc is backing the startup. And they to be serving the Nxt community, but the reality is back in the start up Another startup is nothing the community. I see interesting interesting, So this is it not this is a non traditional way of creating startups, Right cause like the traditional way of creating a startup as you go to a better capitalised, and you pitch pitch something and then you get some money and will build it right. Yeah, that’s that’s the traditional way though I think. I think this this. I don’t like the Vc will cause. I think what they’re doing is like inflating the businesses they just by by companies, sure. If it works, they resell the things when other Vc, and if the second Vc resale the thing to another Vc, and as a founder, you lost, you lose the ownership. You were searching for having, having, having this opportunity of Nf teeth and community building to to be able to launch startup Is Is is a gift actually cause before it was not possible to have this and this this. If I would make the most of it, Yeah,
42:10 yeah, I have the same problem. Too, like I’ve got a few different projects on the go. I’ve got doubter, and I’ve got a few other projects that a lot of bill, and obviously you need funding in order to build cause. I. I can’t engineer everything and I can do everything, so you need you need funding, and so you’re you’re right. It’s it’s it is a gifted away,
42:32 and so is Ena is Nfc the way to do it, or can you, is there another path. You have to do an energy released or what. Why would you do that? In the beginning. I’m personally attached to the blockchain. Will then want to give back what I received. Especially like this, this creating the community not only the community but also the governance, because I think confidence is so important people having the right to decide what’s happening on the things they bout is so important and and I also have this experience in the blockchain Open source. I. I was working for auction, Big, a big Nfc collection as well. It’s just it’s just in my roots. This is something I like doing England. I wouldn’t have started to be something that I liked doing. So it has to have this service, like if you, if you do that after release, and you don’t own a startup at all like well that the theory years that it might start off as a centralized idea, but eventually becomes decentralized and you don’t own any ownership at all like you. Maybe you can own some of the inner peace and some of the tokens up, and you’re actually a minority voters. If the business is that true or not know how I would love, I would love to see a decentralised company and the, and this is what I’m working on currently for my thesis is called commute. Like it. It’s specifically on energy dinner energy producing, and it’s called an edgy communities to people gathering together to have this company producing energy, and this is something beautiful, but what do you see is that it’s actually not efficient in the sense that decision process to take. So much time and that people have not always the same agreements. So how how I see the thing is that the commute that the the the startup is serving the community, but it’s the link is not abouts. And that the link is yeah. I. The link is like the The governance is about the strategy that the startup is taking, So what I mean by this is for examples, should we actually opened this resort or this resort have been doing this and distribute, Keep this resort in the company. Should be half the next country is France, or should we have the next country is Germany, Austria, Italy, That in that mental strategies that accompany you have, for example, do we have to integrate, Met of his next year went through three years. This, These, these are the strategies I’m talking about, but with the operational activities, this cannot be handled in a decentralized way.
44:54 Yeah, one of the things that it isn’t neat approach to try to build a decentralized organization. I think eventually we’ll start to see more and more of these. We already see it actually an open source. Like a lot of open source software is a decentralized organization. Everybody has a say. Everybody contributes opposite. There’s no fun in in in open or software. There’s no financial benefit, but with Crypto. There’s actually she financial incentive Bell. And that’s basically one of the big differences. Right now. I think financial incentive is so important because people have to have value. The decisions they’re making and without without this financial incentive, engagement is really hard, in a sense, depending on what’s the goal of the organization. Because, if if the organization carries values, for example, the greater than just lucrative, it’s you again. If I’m if I’m using the energy community. An example, it’s about it’s about environments. It’s about having sheds shed value and and possessing some energy that is clean and shared again. It devalues are what drives the project, but especially if you’re looking at the Dow’s and for example, in the specific case of my company, If you’re looking at that at the Dow that we’re building. It’s It’s more about yet financial interest, and this is what you need to engage customers.
46:17 Yeah, One of the things that I’ve observed with just crept in general is that
46:23 the block chains operate almost like nations they are. They operate like nation states. If you think about how a nation state like the Usa, it has its own currency called the U S Dollar, and everybody in government works to maintain the value of Us Dollar Am I actually think that with crypto you could start off a project to start at like. Let’s say All sky. You can start off as a centralized idea, and then when you get enough community built up, you can actually have a a presidential race. You can actually have multiple people. Apply to become presidents of the organization and maybe they have a two year of as. Let’s say not to year. Because that’s what they do in Usa. But maybe a six month term and the presidents. It’ll come up with their own game. Plan their own idea of what they think Also he should be, and you can have multiple people running, and then the community can actually vote on who they want to be the president. Like the. I think that there’s a lot of similarity there in how nation states are built. How democracies are built, and how crypto. Cryptocurrency can be built. I love the. I love this way of thinking. I think I think this is the the absolute like realization. Finalization of a of a decentralized process was actually do with someone from the Ethereum Foundation, and he’s actually biting his Phd On this on how on governance and shared governance, indeed, and how you can implement it on vows, and on the on collective projects, but yes, if you’re thinking about.
47:59 Presidency of a project be having elections in the Dow in the community. This is. This is the best thing possible. Yeah, we, we, yeah, rebuild this engagement or disengagement operation on auction origin, and this is right now what we’re what we’re having For the next step, actually the election of judges that will be in charge of attributing points and grunts, and again, this is within the game, so it’s it’s slowly slowly building, but Yeah shared the elections. That’s the. Yeah. It’s an interesting. I’d love to talk to that person that you you said is writing a Phd on this writing. A thesis, writing. I’d love to have to have a chat with Be good to have a three way chat, and we can talk more about this aspect of crypto. Cause I think it’s I think. If we, It’s actually something. I’ve I’ve been thinking about a lot My head. I haven’t really done anything on paper, But it’s it’s something I’ve been thinking about writing about, because I think people have come into crypto. They don’t understand the stomach. It took me quite a long time to figure out that this is. This is potentially how crypto could he fall. I, So it would be good to share with the world. Maybe we can have a three -way conversation in the future, but the absolutely absolutely his, he’s working for the few in foundation, and he’s really active on the T five phones, This goods. I think his name a native French speaker, and I’m not true about his English level. You know you know French people, not good English. In English normally,
49:30 but I will glad you, I would gladly put you in contact Sarah. So we change discords. Yeah, Maybe something might come out of that conversation. Interesting, So Ill, we talked about a bunch of different things. I think I think it’ll be good to like put this recording up on up on Youtube and we we see what comments come in and maybe we have a future conversation about some interesting things. We didn’t get a chance to talk too much about the project projects you’re working on, but you can send me some links and I’ll put them in the in the comments to the video and we could see where etc and questions come up great pleasure. Yes, absolutely agree. I think I think you are great interviewer. The questions are absolutely amazing. Thanks. I appreciate.
50:19 I appreciate that they slept. Alright, my friend. Let’s let’s aim to have a good conversation once we put this in public and let’s see what happens. Yes, great pleasure, all right and it’s been great. Thank you so much. Thanks. How are you breathing fire?